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Property profile & analytics
OFF-MARKET
Lifestyle centers

0 Peek Rd Richmond, TX 77407

Property ID
Property summary
AI-generated overview

District West Shopping Center presents a unique investment opportunity in a thriving mixed-use development. This ±14,390 square foot retail building enjoys a prime location at the high-traffic corner of Westpark Tollway and S Peek Road. Strategically positioned within the soon-to-open District West development, the center benefits from exceptional visibility and accessibility. The property's success is further amplified by its proximity to high-traffic, established businesses. Star Cinema Grill, with over 280,000 annual visitors, and Whiskey River West, boasting over 220,000 annual visitors, are immediate neighbors. Noteworthy is Whiskey River West's distinction as the top alcohol seller in Fort Bend County, as reported by the Houston Chronicle. This shopping center is ideally situated within a densely populated area, serving a residential population exceeding 270,000 within a five-mile radius. The recent construction of 2,300 new apartment units in the immediate vicinity further enhances the property's long-term growth potential and ensures a robust customer base. This is a rare opportunity to acquire a retail space in a rapidly expanding, high-demand area. The center's multiple tenancy allows for diverse retail options, catering to a wide range of consumer needs. This property offers significant potential for strong returns on investment.

Property profile
Verified
Property type Lifestyle centers
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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